Decibel Cannabis Balance Sheet Health
Financial Health criteria checks 4/6
Decibel Cannabis has a total shareholder equity of CA$43.1M and total debt of CA$39.6M, which brings its debt-to-equity ratio to 92%. Its total assets and total liabilities are CA$130.8M and CA$87.7M respectively. Decibel Cannabis's EBIT is CA$6.5M making its interest coverage ratio 2.1. It has cash and short-term investments of CA$2.4M.
Key information
92.0%
Debt to equity ratio
CA$39.62m
Debt
| Interest coverage ratio | 2.1x |
| Cash | CA$2.40m |
| Equity | CA$43.08m |
| Total liabilities | CA$87.73m |
| Total assets | CA$130.80m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: DBCC.F's short term assets (CA$64.8M) exceed its short term liabilities (CA$50.9M).
Long Term Liabilities: DBCC.F's short term assets (CA$64.8M) exceed its long term liabilities (CA$36.8M).
Debt to Equity History and Analysis
Debt Level: DBCC.F's net debt to equity ratio (86.4%) is considered high.
Reducing Debt: DBCC.F's debt to equity ratio has increased from 0% to 92% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable DBCC.F has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: DBCC.F is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 28.8% per year.